The yawning cargo imbalance on the North America-Mediterranean container trade is still widening and carriers need an economic recovery in southern Europe to narrow the gap, according to Drewry Maritime Research.
23 Feb 2015
Trans-Atlantic carriers face a struggle to hike rates amid rising capacity and new competition, even as the euro’s slide against the U.S. dollar boosts shipments on the key westbound leg, according to Drewry Shipping Consultants.
16 Feb 2015
United Arab Shipping Co. on Monday said it will make its debut on the North Atlantic container trade lane in May via a new vessel-sharing partnership with French carrier CMA CGM and Germany’s Hamburg-Sud.
05 Feb 2015
U.S. trade moving on container ships directly via European ports, including transshipments, increased 2.1 percent year-over-year to 4.6 million 20-foot-equivalent units in the 12 months ending September 2014, according to PIERS, the data division of JOC Group.
02 Feb 2015
When the Maersk Kotka called at Charleston and Savannah on Jan. 30 and 31 on a Europe-U.S. Gulf-Mexico-U.S. South Atlantic rotation, there was nothing unusual about the service, but for one big thing: It marked the first call at those ports by a ship on the revamped trans-Atlantic TA3 service jointly operated by Maersk Line and Mediterranean Shipping Co. in the new 2M Alliance.
19 Jan 2015
Among the world’s largest trade lanes, the trans-Atlantic rarely grabs the headlines, but it can still spring a surprise. Final figures aren’t in yet, but the route grew faster than its larger east-west rivals and the much-hyped north-south trades through most of 2014.
10 Dec 2014
Hapag-Lloyd and CSAV will launch new joint services between March and June, the carriers said today after unveiling new-and-improved service loops.
09 Dec 2014
Both Maersk Line and Hamburg Sud received top marks as the most reliable container carriers in the third quarter, Drewry's Carrier Performance Insight shows, as industry-wide reliability began to recover in October.
05 Dec 2014
Two carriers announced general rate increases targeting trans-Atlantic shipments to the Port of New York-New Jersey.
05 Dec 2014
Multiple container lines plan to attempt general rate increases in numerous trade lanes in December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
06 Nov 2014
Rates from Asia to Northern Europe nearly doubled this week while trans-Atlantic rates dipped to new lows, according to the latest readings from the World Container Index.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.